Mixed-Use Commercial
For Sale
$699,000
11907 Sutphin Blvd, Jamaica, NY 11434
Finished commercial space with a main level and basement, currently arranged for worship and adaptable to other uses subject to zoning.
Property Size1,387 SF
Price / SF$503.97
Days on Market588
Property Features for 11907 Sutphin Blvd
General Information
Standard status
Active
Size
1,387 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$9,447
Amenities
3
Building Details
Year Built
1940
Listing Agency:
Century 21 Amiable Rlty Grp II
(718) 570-2972
Listed By:
Maria Trinceri · License #10301202333
(718) 570-2972
Source:
Xome
Added: Jan 20, 2025
Changed: Aug 30
Last Checked: Aug 31 at 12:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Amiable Rlty Grp II
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains a finished main level and a finished basement within a compact building measuring approximately 19.05 feet by 93 feet. The interior is currently configured as a place of worship, with an open arrangement that can be reworked for office, studio, storage, light manufacturing, or community functions where permitted by zoning.
The property carries M1-Class designation and was built in 1940. Located at 11907 Sutphin Blvd in Jamaica, NY, it offers a commercial setting for users seeking a finished space with multiple levels and the ability to customize the interior for an approved use.
The property carries M1-Class designation and was built in 1940. Located at 11907 Sutphin Blvd in Jamaica, NY, it offers a commercial setting for users seeking a finished space with multiple levels and the ability to customize the interior for an approved use.
Key Highlights
- M1‑Class commercial property
- Finished main floor and basement
- Currently configured as a place of worship
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,016
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,320
$440.3K
Cap Rate 7%
$314,514
$314.5K
Cap Rate 9%
$244,622
$244.6K
Market Conditions
NOI Build-Up for 1,387 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.6K $26.40/SF
− Vacancy
−$2.7K −$1.98/SF
EGI
$33.9K $24.42/SF
− OpEx
−$11.9K −$8.55/SF
NOI
$22.0K $15.87/SF
Area
Queens County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$440,320
Cap Rate 7%
$314,514
Cap Rate 9%
$244,622
Alternative Uses
Best Use
Flex RnD
$314.5K
$275.2K – $366.9K
NOI $22,016 @ 7.0% cap · market cap 3.15%
Second Best
Mixed Use
$255.0K
$223.1K – $297.5K
NOI $17,851 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.02M
$894.7K – $1.19M
NOI $71,576 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 11434, NY
66,964
Population
23,787
Households
2.8
Avg Household Size
40
Median Age
22%
College-Educated
87%
High-School Grad
3.2 sq mi
ZIP Area
20,926
Density / Sq Mi
$76,668
Median Household Income
$46,742
Median Earnings
$1,409
Median Rent
$585,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Finished commercial space with a main level and basement, currently arranged for worship and adaptable to other uses subject to zoning.
Where is this mixed-use property located?
The property is located at 11907 Sutphin Blvd Jamaica, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: M1‑Class commercial property; Finished main floor and basement; Currently configured as a place of worship
